Provides an analytical framework for understanding real estate finance and development fundamentals from both public and private perspectives. Topics addressed include: establishing investment/development objectives; structuring ownership entities; evaluating and controlling prospective development sites; creating sound development plans; understanding the public entitlement process; preparing market and feasibility studies; securing debt and equity financing; coordinating the design and construction process; and marketing and managing real estate assets. Includes preparation of income statements; sources and uses of funds statements; federal tax impact analyses; and discounted cash flow analyses. Principles learned should be applicable globally for private, public, NGO, and not-for-profit participants in either policy planning for or implementation of real estate development, community redevelopment, and/or disaster relief activities. Lectures, cases, exercises, site visits, guest lectures, and class discussions will involve a variety of real property asset types, including several structured as public-private partnerships. No prior finance or real estate development experience is expected or required.
Also offered by Harvard Kennedy School as SUP-665
Those interested in GSD SES 5492/HKS SUP 665 are encouraged to attend a shopping session on Monday, August 28th from 4:15-5:30 at HKS at L280. The actual first class meetings will be on Wednesday, August 30th. The course will meet regularly on Mondays and Wednesdays, 4:15-5:30 in L280.